Receive International Earnings In Your Local Bank Account
The Amazon Associates Program has simplified payments for international earnings. In the past, these earnings could only be paid by check or Amazon Gift Card – now, these can be paid by bank transfer to most local bank accounts.
Amazon Associates members participating in an Amazon Associate Program in the US, UK, DE, FR, IT, ES, or CA, with a bank account in the US (USD) the United Kingdom (GBP and EUR) or Eurozone (EUR) – a total of 52 countries – can now receive their international payments by bank transfer in their local currency to their bank account.
In this article, we explain the benefits of this simplified payment method. We’ll also show you which settings you’ll need to change within your Amazon Associates account in order to receive international revenue in USD, EUR or GBP by bank transfer to your bank account.
- What aspects of the payment method have changed?
- What are the advantages of simplified payment?
- How to make the required changes to your Amazon Associates account settings
- Questions and answers on the topic
Amazon has multiple Amazon Associate Programs. To date, participants in these Associates Programs – e.g., a participant in the US Associate Program, with a bank account within the EU, or a participant in the EU Amazon Associates Program, with a bank account in US – have not had the option to receive international payments by bank transfer. International payments could only be made via check, or Amazon gift card.
With a bank account within the supported countries, you can now receive income from any of the seven selected Amazon Associate Programs (including all of our EU programs) by convenient transfer to your bank account.
What Are The Advantages Of Simplified Payment?
The benefits are clear: Participants in an Amazon Associates Program in the US, UK, DE, FR, IT, ES, or CA, who have a bank account located in one of the 52 countries listed in the table below, denominated in the applicable currencies, can now receive international earnings from these Associates Programs by convenient bank transfer to their bank account. This removes the delays caused by the postal delivery of a check and the need to wait for a check to clear in the banking system.
How To Make the Required Changes To Your Amazon Associates Account
Make the following changes to your settings in your Amazon Associates account to receive international income in the applicable currency, by bank transfer to your bank account.
First, login to your Amazon Associate Central account. At the top right-hand corner of the website, drag your mouse over your email address and select ‘Account Settings’
Under the menu item ‘Payment and Tax Information’, select the sub-menu item ‘Change Payment Method’.
Next, place a checkmark next to ‘Pay me by direct deposit’. Several fields will appear.
Click on ‘Bank Location’ and select the country where your bank account is located. Once you select your bank account’s country location, you can enter the account data in BIC format. For international bank data, the account number is stored in the next field, ‘Account Number’, and confirmed again in the following field: ‘Confirm Account Number’. The name of the account holder is entered in the ‘Account Holders Name’ field and the type of account is selected in the ‘Account Type’ field. In the ‘Currency’ field, you can select a valid currency for your bank account. In the field ‘Routing Number/SWIFT Code’, enter the Swift Code of your bank. Last but not least, press ‘Submit’ to save your input.
1. What advantages does the new form of payment offer me?
Amazon associates participating in an Amazon Associate Program in the US, EU or CA, with a bank account in either the US (USD), United Kingdom (GBP and EUR), or Eurozone (EUR), can now receive their international payments by bank transfer in their local currency to their bank account. This removes the need for the postal delivery of a check, which can take a few days, and the waiting period until the check has cleared at the bank.
2. What are the 52 supported countries? What are the currencies?
|United Kingdom||GBP or EUR|
|Åland Islands, Austria, Azores, Belgium, Bulgaria, Canary Islands, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, French Guiana, Germany, Gibraltar, Greece, Guadeloupe, Guernsey, Hungary, Iceland, Ireland, Isle of Man, Italy, Jersey, Latvia, Liechtenstein, Lithuania, Luxembourg, Madeira, Malta, Martinique, Mayotte, Monaco, Netherlands, Norway, Poland, Portugal, Réunion, Romania, Saint Barthélemy, Saint Martin (French part), Saint Pierre and Miquelon, San Marino, Slovakia, Slovenia, Spain, Sweden and Switzerland.||EUR|
3. Which payment methods are available to me?
Your three options of payment methods are bank transfer, gift card or check. Of these, with this additional international support, bank transfers provide the best experience, and we recommend that.
4. How do I receive international payments by transfer to my bank account?
First, click on ‘Account Settings’ after ‘Change Payment Method’, and then ‘Pay me by direct deposit’. Next choose the country where your bank account is located, and you’ll be guided through the process. See the step-by-step instructions above for more information.
5. I participate in several Amazon Associates Programs. Do I have to provide my payment information for each program individually?
Yes, you need to provide your payment information for every Amazon Associate Program or Associate ID.
6. Is the international payment by bank transfer to my bank account free of charge?
Amazon will not charge you any icomes for international payment by bank transfer. The conversion rate will be determined in accordance with Amazon’s operating standards. At present, foreign exchange rate of the day of pay-out will be applied by the banks we work with to convert your earnings from the international program to the local currency. However, your bank may charge a further income for their services. For more information, please contact your bank directly.
7. Do the changes affect the current minimum payout thresholds?
The minimum payout thresholds will remain the same as the ones for domestic direct deposit. There is no change for international payouts.
8. Does the new international bank transfer payout method mean that I cannot continue to receive payouts via Amazon gift card?
No, you can still receive a payout of your earnings as an Amazon gift card.
9. I receive payments via paper check; Does this change things for me?
No, you can still receive a payment of your earnings as a paper check, although we do encourage you migrate your payments to direct deposit, or an Amazon gift card.